◂ Event Timeline

May 7, 2025MACROUS

Dollar languishes ahead of Federal Reserve meeting, Asian currencies calmer

The dollar steadied on May 7 ahead of a Federal Reserve meeting, while Asian currencies calmed after a sharp rally. Investors continued to sell U.S. assets, and news of US-China trade talks on Saturday eased trade war concerns.

WHY IT MATTERS

Fed policy signals move the dollar, which affects dollar-priced commodity prices and the cost of imports for buyers abroad. Easing trade tensions could support Chinese purchasing interest.

AFFECTSUS Dollar (Broad)◆

SOURCE
cnbc.comReutersMay 7, 2025

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d +0.1%5d +0.8%20d -0.8%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Jun 17, 2019Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut-0.9%
Jan 31, 2023Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)+1.4%
Aug 28, 2024Asian currencies tread water as markets await cues on Fed cuts+0.5%
Dec 30, 2025US Dollar Index hovers around 98.00 ahead of FOMC Meeting Minutes+0.2%
May 30, 2025Could the euro topple the U.S. dollar as the world's reserve currency?-0.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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